Abacus raises capital

Abacus Property Group recently raised $75m from institutional and sophisticated investors at a price of $2.24, slightly below the current market price. A share purchase plan for retail investors will be announced early next year, though we’d prefer it were done simultaneously with the institutional offer to know whether we were being treated fairly or not. The proceeds will be used to make acquisitions, but without the financial details it’s too early to know whether all this activity will add value. The fact that major shareholder Kirsch Group participated fully in the raising provides a degree of comfort and,...

Abacus Property Group recently raised $75m from institutional and sophisticated investors at a price of $2.24, slightly below the current market price. A share purchase plan for retail investors will be announced early next year, though we’d prefer it were done simultaneously with the institutional offer to know whether we were being treated fairly or not.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles